JUNE 2-8, 2023
Tucked into the two-year state budget approved this year is $89.5 million to design and build a 5,000-seat arena at IUPUI, which is soon to be the Indiana University-Indianapolis campus. IBJ reporter Mickey Shuey reports that it was the Indiana Sports Corp. and the city that sought the arena, not the school, and they hope it will be another reason sports organizations host their events in Indianapolis. Also, reporter Dave Lindquist explains what's new at the revamped Stutz complex downtown.
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State slots $89M for 5,000-seat arena at IU Indy
Amid the ongoing restructuring of IUPUI—both its leadership and its future as a campus solely within the Indiana University system—state and local officials are in the early stages of a project that could have big implications for downtown: an on-campus arena.
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New tenants bring new energy to historic Stutz complex
Known as the Stutz Business and Art Center from the 1990s until real estate developer Turner Woodard sold his majority stake in 2021, the complex is entering a new era by offering dining, shopping and personal fitness.
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Hamilton County hopes fairgrounds expansion leads to more programming
A $65 million, three-phase expansion project begins this summer that will modernize the 40-acre site in Noblesville and enable it to host a wider variety of programming throughout the year.
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Rising interest rates pinch small-business borrowers
The average prime rate, or the rate banks set as a reference for customer loans, was 4%. The prime rate has more than doubled since then, hitting 8.25% in May.
Read MoreMade in Indiana: Flavored spirits and canned cocktails by St. Elmo Foods
Company history: St. Elmo Steak House was founded in 1902, becoming famous for its spicy shrimp cocktail sauce. Guests began requesting that the restaurant bottle the sauce so they could take it home. Several years ago, St. Elmo did just that and has since launched St. Elmo Foods, where fans of the steakhouse can buy […]
Read MoreIndiana 250: Albert Chen
Albert Chen launched Telamon Corp. as a telecommunications services supplier in 1985 after he spent more than a decade with GTE. The company designs, builds and installs telecommunication networks in 15 domestic and three international locations. By 2021, Telamon had grown into a $765 million company with more than 2,000 employees. Chen retired as CEO and […]
Read MorePete the Planner: Can a planned retirement fail? It most certainly can.
There’s a rather simple way to determine whether you’ll be able maintain your current lifestyle in retirement: Calculate your projected retirement income and then see if your lifestyle fits into it.
Read MoreKim and Todd Saxton: Entrepreneurs create their opportunities
The reality is that the entrepreneurial journey is not even a process of solo creation but rather is one of co-creation.
Read MoreCecil Bohanon and John Horowitz: Is subsidizing a necessary evil? Maybe so.
A nation is ill-advised to depend on a potential military adversary for its entire supply of military-related goods.
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Derek Schultz: The momentum of May
The Indianapolis 500 is bucking a trend that’s going in the opposite direction for other culturally significant American sporting events (just look at the cratering relevance of the World Series), as the attention and attendance for the race is clearly on the rise.
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Construction industry educates K-12 students about building trades in effort to close job gap
In more than a dozen school districts across Indiana, construction clubs have formed to interest elementary and middle school students in building-trade careers.
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Interim IUPUI chancellor Klein leaving for Wake Forest law post
Andrew Klein has been serving as interim chancellor of IUPUI since February 2022 after the retirement of Nasser Paydar.
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Lt. Gov. Suzanne Crouch: Why I support universal school choice for Hoosier families
We simply cannot rest until we have provided this opportunity to every single Indiana student.
Read MoreKristen Fuhs Wells: We need these thoughtful, ethical young people
These young people are graduating with the ability to complement data and information with ethical reasoning and to balance their moral intuitions with others’ perspectives, experiences and points of view.
Read MoreLetters: Business-driven approach needed for downtown
The goal should be to ensure that the Mile Square remains an affordable place to do business and to enjoy while ensuring it is a first-class Indiana asset.
Read MoreLesley Weidenbener: Innovation Issue is a group effort
IBJ published its first Innovation Issue in 2015 and since then issues have focused on artificial intelligence, the internet of things, design thinking, blockchain and energy.
Read MoreEditorial: Unbridled return of the Indy 500 revs region’s economic engines
The challenge now is to keep up the economic momentum to fully restore the city’s vitality downtown and elsewhere.
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TWG plans $17M revamp of Meridian Street apartment tower
The Indianapolis-based company expects to renovate all 96 units in the vacant Grand Meridian apartment building, as well as replace its windows, roofing and other building infrastructure.
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PNC Bank to close one of its downtown branches
In a letter to customers, PNC said it plans to close the branch in mid-August while leaving its other downtown branch open.
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Credit union to take over former downtown barbecue spot
The spot near Monument Circle has been vacant since September 2020. Indiana Members Credit Union expects to open a branch office there this summer.
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RH, DSW stores on the move along 86th/82nd Street corridor
A former Bed Bath & Beyond location will become home to RH and DSW, two retailers familiar to shoppers along the north-side corridor.
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INDOT seeking more public input on future of urban interstates
As they embark on a new vision for the interstates that run through Indianapolis, state transportation officials say they hope to learn from past mistakes by making community engagement a focal point of the planning process.
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